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Apollo Outspending Neocloud Firms on AI Chips

Original: Apollo Is Vastly Outspending the Neoclouds on AI Chips

Apollo is reportedly spending far more on AI chips than the so-called neocloud companies, the smaller cloud providers built specifically for artificial intelligence workloads. The report from The Information highlights the scale of Apollo's investment in AI hardware relative to newer market entrants, fueling discussion about competition and capital spending in the AI infrastructure sector.

Why now: New reporting on Apollo's outsized AI hardware spending has drawn attention to competition among AI infrastructure investors.

ApolloThe Information

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